January 19, 2018

FY2017 EPS Estimates for General Electric Company (GE) Lowered by Analyst

14 November 2017, 03:50 | Melvin Schneider

Markets Insider

Screen Shot 2017 11 10

Portland General Electric Co. now has $4.30B valuation. Bank of America downgraded the stock to "Neutral" rating in Tuesday, August 2 report. Royal Bank Of Canada set a $25.00 target price on General Electric and gave the stock a "buy" rating in a report on Monday, October 23rd.

Iconic American industrial behemoth General Electric, which has lost investor confidence amid bad investment decisions, is preparing to slice up its empire again, selling major business segments and laying off thousands.

Struggling American industrial giant, General Electric will slash its dividend by 50%, focus on three of its biggest business lines, may sell down its 60% plus stake in Baker Hughes, the third biggest USA oil services group, but won't break up the company completely. Goldman Sachs Group, Inc.

Recent insider trends for General Electric Company (NYSE:GE) have caught the attention of investors. The stock of General Electric Company (NYSE:GE) has "Equal-Weight" rating given on Thursday, October 6 by Morgan Stanley. The rating was maintained by RBC Capital Markets with "Buy" on Monday, October 23. The Pennsylvania-based Ajo Ltd Partnership has invested 0.16% in Portland General Electric Company (NYSE:POR). "(GE) Stake Lowered by ELM Advisors LLC" was originally published by and is the propert of of. If you are reading this news story on another domain, it was copied illegally and reposted in violation of US & worldwide copyright & trademark legislation. Pacad Investment Ltd bought 361,994 shares as the company's stock declined 7.64% while stock markets rallied.

Shares of General Electric (GE) opened at $20.49 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. It has a 22.74 P/E ratio.

General Electric Co. has a 52-week low of $27.10 and a 52-week high of $33.00. KeyCorp reissued a hold rating on shares of Portland General Electric in a research note on Friday, September 1st. During the same quarter in the previous year, the business earned $0.32 EPS.

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Hammered by financial markets, with its market capitalization down more than $100 billion since January, the maker of jet engines and power turbines is paying dearly after making losing bets that the energy sector, in particular oil and gas, would grow indefinitely. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.20).

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BerganKDV Wealth Management LLC raised its position in shares of General Electric by 0.3% during the second quarter.

General Electric (NYSE GE) traded up $0.50 during mid-day trading on Thursday, reaching $20.49.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, October 27th. Greenwich Investment Management Inc. owns 109,794 shares or 4.23% of their U.S. portfolio. Capital World Investors now owns 141,322,676 shares of the conglomerate's stock worth $3,817,125,000 after purchasing an additional 11,194,678 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of General Electric by 18.6% in the 2nd quarter. Stifel Financial owns 0% invested in Diebold Nixdorf Inc (NYSE:DBD) for 8,560 shares. BlackRock Inc. now owns 517,315,514 shares of the conglomerate's stock worth $13,972,691,000 after buying an additional 19,422,516 shares in the last quarter. Deprince Race Zollo accumulated 1.62 million shares or 0.9% of the stock. UBS AG reiterated a "buy" rating and set a $31.00 price objective (down previously from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. 475,600 shares of the company were exchanged, compared to its average volume of 1,184,725.

The company has announced it is cutting the dividend from 24 to 12 cents per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Friday, December 22nd. General Electric's dividend payout ratio (DPR) is now 80.00%.

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